From questions to answers - the domain sales process made simple.
Most domain sales will be processed through Escrow.com. You can find their accepted forms of payment here: https://www.escrow.com/support/faqs/what-forms-of-payment-does-escrowcom-accept. Escrow.com charges a fee for their services, which will be paid for by the buyer.
Escrow.com is an online, third-party service that acts as a secure middleman in the sales & transfer process. They ensure that the terms & conditions of a sale are upheld by both the buyer and seller. Funds are held by Escrow.com until the terms of the transfer agreement are met, guaranteeing that you receive the domain that you've paid for. You can find more information about the service that they offer here: https://www.escrow.com/what-is-escrow
A domain push will be the preferred mode of transferring ownership to you, rather than a domain transfer.
A domain transfer is the process in which a domain moves from one registrar to another. Pushing a domain involves moving a domain from the seller's account, to the buyer's account within the same registrar. Pushes are processed instantly, while domain transfers take 1-10+ days, varying per registrars involved.
Domain transfers to another registrar are typically processed in 5-7 days once initiated. However, in some (albeit rare) instances, it may take up to 10 days. Ultimately, the length of time will vary depending on the registrars involved. Once the terms of sale are determined, the process will be initiated by us within (24) hours.
As soon as the transfer is complete, you become the new owner of the domain. You are then able to use the domain as you please.
A domain registrar is a company or organization that provides domain registration services for the public (e.g. Namesilo, GoDaddy). Domain registrars operating in the sales of - .com, .net and .org - domains are authorized for service by a governing body known as ICANN - the Internet Corporation for Assigned Names and Numbers. Sales of country code top level domains (ccTLDs) are overseen by agencies within each country's respective governments. For example, the Canadian Internet Registry Association (CIRA) serves this role for .ca domains.
The time to expiration of the domains that we offer varies. As a courtesy, an extra year will be added to pushed domains with less than (3) months to expiration. Domain transfers between registrars typically add an additional year to the life of your domain.
WHOIS is a service offered (by mandate as per ICANN) through all domain registrars which provides information about the registrant of a given domain. You can find out more about it here - WHOIS Domain?
Ultimately, domains are just like any other asset class, where price is determined at the intersection of supply and demand. Find out more about the contributing factors here.